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Black Friday 2009

Nov 20, 2009

The year has gone by quickly, and the holiday season will be here before we know it. Black Friday 2009 is on November 27, and is expected to be a bit different than in previous years, as this has been a time of change and uncertainty. As house prices fluctuate, many US citizens deal with job losses and the financial market remains weakened, most retailers are feeling the sting of consumers trying to live frugally and save money by using online coupons and shopping online. People are spending less on material goods, eating at home rather than going out to restaurants and bars, and cutting corners on personal luxuries and vacations.

Let’s take a look at Black Friday 2008:

$10.6 billion in sales

172 million shoppers, a 4.8 percent increase from 2007

Shoppers spent an average of $373

There was a 7% overall increase from 2007

So, what are the predictions for Black Friday 2009? The recession has had a huge impact on the retail industry. Retail sales have plummeted lower than they have in years. This year, analysts expect consumers to spend 29% less on Christmas gifts, which will definitely affect Black Friday spending, as many shoppers are looking for holiday deals on presents for family and friends.

However, there is good news! This crunch leads many experts to speculate that Black Friday 2009 will have some amazing sales, as both brick and mortar and online Black Friday stores recognize the chance to draw a large volume of customers, and scramble to make some profit during the holiday season. So, expect some amazing Black Friday deals and rock bottom prices on everything from electronics to family apparel. Start making your shopping list now!